Fourth Quarter and Full Year Highlights:
- Revenue: Fourth-quarter revenues increased 12.8% to $33.4 million, up from $29.6 million in the prior year. Revenues for the full year were $134.2 million, a year-over-year increase of $17.7 million, or 15.2%.
- EBITDA: Rose 11.2% to $12.9 million in the fourth quarter, compared to $11.6 million in the same period last year. EBITDA for the full year was $55.4 million, an increase of $9.8 million, or 21.5% from the prior year.
- Earnings Per Share: Fourth-quarter earnings from continuing operations, excluding one-time items, were $193 per share, up 14.2% from $169 per share in the same period last year. 2024 earnings were $1,007, an increase of $205 per share, or 25.6% from the prior year.
- Shareholder Charitable Contribution Program: Successfully completed at $100 per share for registered shareholders. LICT has contributed more than $10.2 million to charitable organizations through this program over the past nine years.
Rye, NY – February 20, 2025 – LICT Corporation (“LICT” or the “Company”; OTC Pink®: LICT) reports unaudited, preliminary financial results for the quarter ended December 31, 2024. Financial results for 2023 included MachTen ( OTC Pink®: MACT ) results which was spun off on August 31, 2023 and is presented as discontinued operations.
The unaudited results in this press release are preliminary and subject to the completion of final accounting procedures, including the evaluation of goodwill impairment, and annual audit completion and are therefore subject to adjustment.